Fundraising

Rewired to invest $100 mln in robotics-focused venture studio and fund

Rewired has launched its robotics-focused venture studio and fund at $100 million. Based in London, England and Lausanne, Switzerland, Rewired invests in applied science and technologies "that advance machine perception."

Elevation Innovation Partners collects $15 mln for maiden venture fund

Elevation Innovation Partners has raised $15 million for its debut venture fund. The fund is expected to close at $25 million by the end of the year. The pool will focus on fintech, enterprise software, marketing analytics and new media platform startups. The fund's investors include Mohandas Pai, former chief financial officer at Infosys and Jerry Rao, venture adviser to New Enterprise Associates.

500 Startups still bullish despite loss of Canadian fund

Volpi Capital Investments raises $54 mln for venture fund

Volpi Capital Investments has raised $54 million toward a $108 million venture fund, according to a filing with the SEC.

Cottonwood Venture Partners rakes in over $6 mln for inaugural fund

Cottonwood Venture Partners has raised over $6 million for its debut fund, according to an SEC filing. The Houston, Texas-based venture firm invests in the digital oilfield.

KPCB is closing seed investing program: Bloomberg News

Kleiner Perkins Caufield & Byers is closing its seed investing program, according to Bloomberg News. The KPCB Edge program marked the Silicon Valley-based venture firm's return to early-stage investing, said the news outlet. In addition to the program's closure, all three partners who ran the fund, Anjney Midha, Roneil Rumburg and Ruby Lee, have left, noted a spokeswoman for KPCB. Although there are no plans to replace the trio, added the spokeswoman, as reported by Bloomberg, KPCB will continue to invest in "promising" early-stage tech startups. In separate news, Mike Abbott, a general partner at KPCB, has announced plans to leave the firm.

Brightstone Venture Capital collects over $25 mln for new fund

Brightstone Venture Capital has raised over $25 million for its new fund. BVC2 LP wll focus on early-stage tech and life science businesses mostly in Minnesota. Its hard cap target is $100 million.

Aberdeen, IVP investors: SEC investigation offers needed guidance on digital tokens

500 Canada folding in wake of recent sexual misconduct allegations

500 Startups Canada, the Canadian fund operation of Silicon Valley's 500 Startups, is folding and will not make any new investments as a result of recent sexual misconduct allegations involving co-founder Dave McClure, according to reports, including from the Canadian tech news site BetaKit. 500 Canada launched in March 2016 and was reportedly halfway to raising its US$30 million targeted fund when news of McClure’s conduct became public. McClure, under pressure for alleged inappropriate behaviour toward several women, resigned in early July from 500 Startups, which he co-founded seven years ago. In addition to serving as managing partner of the main fund, McClure also was listed as a partner on each of its microfunds, such as 500 Canada.

500 Canada folding in wake of recent sexual misconduct allegations involving Dave McClure

500 Canada, the Canadian fund operation of 500 Startups, is folding and will not make any new investments as a result of recent sexual misconduct allegations involving co-founder Dave McClure, according to reports, including from the Canadian tech news site BetaKit. 500 Canada launched in March 2016 and was reportedly halfway to raising its $30 million targeted fund when news of McClure's conduct became public.